Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wynn Resorts Ltd shares valued at $208,634 were sold by Mulroy Patricia on Sep 16 ’24. At $78.73 per share, Mulroy Patricia sold 2,650 shares. The insider’s holdings dropped to 5,689 shares worth approximately $0.51 million following the completion of this transaction.
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Also, MULROY FAMILY TRUST purchased 2,650 shares, netting a total of over 208,634 in proceeds.
Before that, Myers Margaret Jane had sold 2,000 shares from its account. In a trade valued at $196,100, the Director traded Wynn Resorts Ltd shares for $98.05 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $1.59 million.
As published in a research note from Morgan Stanley on September 27, 2024, Wynn Resorts Ltd [WYNN] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $104 from $97. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of May 23, 2024, Argus has increased its “Hold” rating to a “Buy” for WYNN. Earlier on April 15, 2024, Seaport Research Partners initiated its rating. Their recommendation was “a Neutral” for WYNN stock.
Analyzing WYNN Stock Performance
During the last five days, there has been a surge of approximately 0.69%. Over the course of the year, Wynn Resorts Ltd shares have dropped approximately -1.98%. Shares of the company reached a 52-week high of $110.38 on 04/04/24 and a 52-week low of $71.63 on 08/05/24. A 50-day SMA is recorded $92.93, while a 200-day SMA reached $90.90. Nevertheless, trading volume fell to 1.22 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Wynn Resorts Ltd (WYNN)
According to the 24-hour chart, there is a support level at 88.52, which, if violated, would cause prices to drop to 87.74. In the upper region, resistance lies at 89.99. The next price resistance is at 90.68. RSI (Relative Strength Index) is 43.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.86, which suggests the price will decrease in the coming days. Percent R is at 84.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
